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BlackRock Inc (NYSE:BLK) discussed a spot Bitcoin ETF with the SEC and Nasdaq, which could influence Bitcoin's price. Cryptocurrencies showed mixed performance, with Bitcoin at $37,482, Ethereum at $2,061, and Dogecoin at $0.078. Analysts predict Bitcoin could reach $40K, citing post-Thanksgiving retail figures and potential ETF approval as positive indicators. Stock futures dipped slightly, but Wall Street has seen gains over four weeks. Upcoming economic data will be watched for Fed rate hike effects.

Portfolio Pulse from Mehab Qureshi

November 27, 2023 | 2:50 am

HOUS

RDFN

RMAX

Experts predict a decline in home prices due to a significant slowdown in housing activity, influenced by the Federal Reserve's anti-inflation measures leading to high mortgage rates. Mark Zandi of Moody's and Glenn Kelman of Redfin foresee a potential drop in prices, with Zandi not expecting a market recovery until 2025 or 2026. Kelman notes an increase in housing inventory and price adjustments, suggesting a possible spur in sales. ETFs like iShares U.S. Real Estate ETF and Vanguard Real Estate ETF, and stocks such as Zillow Group, Inc (Z), Redfin Corporation (RDFN), Anywhere Real Estate Inc. (HOUS), and RE/MAX Holdings, Inc. (RMAX) offer investment opportunities in the real estate sector.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 7:57 pm

BTCUSD

Crypto expert Dan Tapiero predicts Bitcoin will reach $100K in the next bull market and could eventually hit $250K to $350K by 2029. He considers these estimates conservative compared to Cathie Wood's $1M target. Tapiero sees Bitcoin as a mainstream store of value, potentially taking a significant share from traditional inflation hedges like real estate and art. Bitcoin is currently trading at $37,688.39, having risen 4% over the past week.

Portfolio Pulse from Bibhu Pattnaik

November 25, 2023 | 2:51 pm

QQQ

SPY

Investors have poured $40 billion into equities in the past two weeks, driving the S&P 500 to its best November performance since 1980. The S&P 500 has risen 8.7% in November, and the SPDR S&P 500 ETF Trust (SPY) has returned 18% YTD. The Invesco QQQ Trust (QQQ) has surged 45% YTD. Despite the strong performance, Bank of America's 'Bull & Bear Indicator' has exited the 'Buy' zone, signaling potential shifts in market sentiment.

Portfolio Pulse from Piero Cingari

November 25, 2023 | 2:08 pm

BTCUSD

Bitcoin (BTC) faces a potential price drop to $30,000 due to bearish divergence, as indicated by the RSI marking lower lows while the price hits higher highs. The bullish momentum is threatened by the SEC's delay in approving spot Bitcoin ETFs. Whale investors continue to accumulate Bitcoin, adding 60,000 BTC recently, which could delay the price decline if profits don't reach a level that triggers selling.

Portfolio Pulse from Rounak Jain

November 25, 2023 | 8:55 am

USO

Crude oil prices dropped as OPEC+ postponed a meeting due to a disagreement between Angola and Nigeria over production quotas. Brent Crude and West Texas Intermediate saw declines of 1.3% and 2.4%, respectively. The United States Oil Fund (USO) also fell by 1.1%. The postponement comes amid expectations that OPEC+ might extend production cuts to stabilize prices, with potential additional cuts from Saudi Arabia and Russia. U.S. inventory data showing a larger-than-expected increase in stockpiles also put pressure on oil prices.

Portfolio Pulse from Neil Dennis

November 24, 2023 | 8:18 pm

HSBC

Bob Ras, co-creator of Sologenic, discussed the benefits of tokenization in an interview with Benzinga, highlighting its potential to enhance liquidity and inclusivity in global markets, especially in emerging economies. He sees regulatory changes as positive for the crypto industry and notes major financial institutions like HSBC are entering the tokenization space, specifically with tokenized gold. Ras emphasizes the advantages of self-custody and instantaneous settlements with tokenized assets and envisions a transformative impact on sectors like real estate and art. He also acknowledges the need for appropriate licensing and regulations to protect investors.

Portfolio Pulse from Murtuza Merchant

November 24, 2023 | 7:19 pm

GRTUSD

The Graph's cryptocurrency (GRT) has seen a significant increase of 9.58% in the last 24 hours, reaching a price of $0.15. Over the past week, GRT's value has risen by over 21%, from $0.13. The coin's all-time high is $2.84. Trading volume for GRT has increased by 8.0% over the past week, and the circulating supply has grown by 0.38%, now totaling 9.31 billion coins. The Graph currently holds the #47 market cap ranking at $1.41 billion.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 7:00 pm

NEARUSD

NEAR Protocol (CRYPTO: NEAR) has seen a 3.44% increase in price over the last 24 hours, reaching $1.85. This is part of a positive trend over the past week with a 2.0% gain from the same price point. Despite the recent gains, it is still far from its all-time high of $20.44. Trading volume has decreased by 66.0% over the past week, while the circulating supply has increased by 0.73% to 1.00 billion. NEAR's market cap is currently ranked #37 at $1.85 billion.

Portfolio Pulse from Benzinga Insights

November 24, 2023 | 7:00 pm

BBY

FSLR

JWN

NVDA

TLT

U.S. stocks saw their fourth consecutive week of gains, with small-cap stocks outperforming and tech stocks underperforming as Treasury yields rose. The iShares 20+ Year Treasury Bond ETF (TLT) fell 1.1% due to the yield surge. Gold remained steady at $2,000/oz. Sector-wise, healthcare stocks led gains while communication services and technology lagged. Nordstrom (JWN) and Best Buy (BBY) saw stock increases due to Black Friday discounts, while NVIDIA (NVDA) and First Solar (FSLR) declined. Cryptocurrencies, including Bitcoin and Ethereum, rose.

Portfolio Pulse from Piero Cingari

November 24, 2023 | 6:52 pm